Stocks that were in focus included names like ITC, which fell 0.82%, Swan Energy, which rose 10%, and Kalyan Jewellers, whose shares dropped nearly 1% on Thursday.
Taking Stock: Market back in green; Sensex rises 336 points, Nifty around 22,150
Broader indices outperformed the main indices with BSE Midcap index rose 2.2 percent and Smallcap index gained 3 percentSensex, Nifty gain amid broad-based buying, analysts advise avoiding aggressive bets
Analysts expect the Nifty to consolidate in 22,400-21,800 range, supported by largecapsMid-day Mood | IT, realty drive Sensex, Nifty into green, midcaps, smallcaps rebound
BSE Midcap and BSE Smallcap indices were up by 1.4 percent and 2.5 percent after having been beaten down on March 13 by nearly 5 percent each.We will not jump in to buy all the PSU stocks that have corrected: Sunil Subramaniam
Sunil Subramaniam of Sundaram Mutual advises caution in investing in PSU stocks due to liquidity concerns and fundamental issues. Despite strong smallcap and midcap earnings, it is recommended to wait for a fundamental reset and be selective in the PSU space. The stress test reveals that if there is a sudden shock, a whiplash of some investor pulling out, will you have trouble in selling your most appreciated smallcaps?
Death Crossovers: Ashok Leyland among 5 stocks that signal bearishness
These stocks’ 50-day SMA crossed below their 200-day SMAs on March 13.
Negative Breakout: Vedanta and 2 other stocks cross below their 200 DMA
The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Taking Stock: Market flashes red; Nifty below 22,000; Sensex down 906 points
The biggest Nifty losers included Adani Enterprises, Coal India, Adani Ports, Power Grid Corporation and NTPC, while gainers were ITC, UltraTech Cement, HCL Technologies, Kotak Mahindra Bank and ICICI BankSensex, Nifty tumble up to 1.5% amid broad-based selloff; correction likely to intensify
Though analysts attributed this correction as healthy, they expect the pain to stay in the near-termNifty 50 slips below 22,000; midcaps, smallcaps bleed
The ITC block deal ruboff failed to clear the sentiment and markets are now sharply lower with the selloff in the broader market continuing for a third session due to concerns over valuations.